Paxos Adds Litecoin (LTC): More Coins to Come Soon

Paxos adds Litecoin (LTC) – Litecoin is among the coins being added to the Paxos Trust Company, one of the only companies authorised by the New York Department of Financial Services (NYDFS) to trade these coins.

In addition to Litecoin, Paxos has the all clear from the NYDFS to trade in Ethereum (ETH), Bitcoin Cash (BCH), and Stellar (XLM), reports Forbes.

Paxos Adds Litecoin

The Paxos Trust Company began as itBit in 2012 and right from the start, the exchange was attempting to target mainstream adoption via regulatory approval. In 2015, itBit was the first company granted permission by the NYDFS to trade in Bitcoin (BTC). The company became Paxos in 2016 when it moved into additionally targeting blockchain applications that weren’t directly connected to crypto tokens. The trading services remained under the itBit name.

itBit will be what offers custody, escrow, and OTC trading services for Litecoin and the other tokens.

Enter Your E-mail Address To Subscribe

* indicates required

Email Address *

“We’re starting to gain a lot of momentum here,” commented Charles Cascarilla, the CEO of Paxos. “We just keep thinking about how we can add new product that will help our customers.”

This time around, that new product was Litecion, Ethereum, Bitcoin Cash, and Stellar. What do you think it will be next time around?

Any new addition of Litecoin, to any sort of platform, is one step more for Litecoin’s #PayWithLitecoin campaign. The more Litecoin becomes available, the more merchants are likely to accept it, and so the cycle continues.

Litecoin Price

Litecoin (LTC) is currently selling for $98.78, which puts the coin up 2.18% in the past 24 hours.

If You Liked This Article Click To Share

BREAKING NEWS

VANCOUVER, British Columbia, May 24, 2019 (GLOBE NEWSWIRE) — LiteLink Technologies Inc. (“LiteLink”) (CSE:LLT)(FRA:C0B:FF), a leader in logistics, artificial intelligence and digital payment solutions is pleased to announce that it has been selected by Deloitte …

STOCKS YOU MAY LIKE

Charlie Lee is at it again. The Litecoin founder isn’t shy when it comes to voicing his opinion on crypto via Twitter and yesterday was no different. It seems this time, he’s targeting Bitcoin maximalists. …

Cryptocurrencies made a strong comeback in the middle of the week, after posting 2018 lows a few days prior. Investors began dumping digital currencies after Bitcoin Cash miners decided to split the chain in two. …

Mainstream adoption of cryptocurrency is slowly growing with the latest development being from AT&T Inc. (NYSE:T) which has indicated that from today they will be accepting bitcoin payments as an option of paying for mobile …

There’s been a lot of information circulating that Facebook is moving into the crypto market. And while some of this information is outright false, other bits are true — at least, that’s what the sources …

Europol indicated that on Wednesday the Dutch Fiscal Information and Investigation Service had seized Bestmixer.io which is a bitcoin transaction mixer. A statement from Europol referred to the action as the “first law enforcement action …

Following Bitcoin’s rally in recent weeks, there has been a tremendous upward momentum for major cryptocurrencies such as Ethereum that have gained significantly from their yearly lows to the current prices.